To view the PDF file, sign up for a MySharenet subscription.

COAL OF AFRICA LIMITED - Receipt of Escrow Funds

Release Date: 29/11/2012 08:34
Code(s): CZA     PDF:  
Wrap Text
Receipt of Escrow Funds

Coal of Africa Limited
Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")





ANNOUNCEMENT								29 November 2012

Transfer of US$20 million payment from 
Beijing Haohua Energy Resource Co. completed

Further to the announcement of 28 November 2012, Coal of Africa Limited is pleased to confirm transfer and receipt of the US$20 million previously held in the escrow account on behalf of Haohua Energy International (Hong Kong) Co. Limited, a wholly owned subsidiary of Beijing Haohua Energy Resource Co. Limited.
 
Authorised by
JOHN WALLINGTON	 
Chief Executive Officer
28 November 2012



For more information contact:
David Brown
Non-Executive Chairman
Coal of Africa
+27 11 575 4363
John Wallington
Chief Executive Officer
Coal of Africa
+27 11 575 4363
Wayne Koonin
Financial Director
Coal of Africa	
+27 11 575 4363
Sakhile Ndlovu
Investor Relations
Coal of Africa
+27 11 575 6858

Company advisors:
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 20 7920 3150
Chris Sim/Neil Elliot
Nominated Adviser
Investec Bank plc	
+44 20 7597 5970
Robert Smith
JSE Sponsor
Investec Bank Limited
+27 11 286 7000
Charmane Russell/Jane Kamau
Financial PR (South Africa)	
Russell & Associates       
+27 11 880 3924 or
+27 82 372 5816

 About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoALs key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoALs Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal). 




7927202/2

7927202/2

Page | 2 




AU: Level 1 Old Swan Brewery, 173 Mounts Bay Road, Perth WA 6000, Australia, Tel: +61 8 9322 6776, Fax: +61 8 9322 6778, Email: perth@coalofafrica.com, CAN 008 905388
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
UK: 5th Floor, 33 St. Jamess Street, London, SW1A 1HD, United Kingdom, Tel: +44 (0) 20 7839 8840, Fax: +44 (0) 20 7004 0959


David H. Brown - Chairman, John N. Wallington - Chief executive officer, Wayne G. Koonin - Financial director, Professor N. A. Nevhutanda - Corporate affairs director, Bernard R. Pryor - Non-executive director,
Peter G. Cordin - Non-executive director, Khomotso B. Mosehla - Non-executive director, Dave J. K. Murray - Non-executive director, Rudolph H. Torlage - Non-executive director


Date: 29/11/2012 08:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story